When mortgage rates are low, homeowners often question if it’s time to refinance. If interest rates drop 5/8 percent or more below your existing rate, refinancing may benefit you. Closing costs are associated with refinancing so it’s important to determine if refinancing will support your overall goals. Be clear about your reason for refinancing and feel confident that you will remain in your home long enough to recoup expenses. Refinancing can offer...

Purchasing a home includes many important decisions. Take a moment to learn how the loan process works. You will be better prepared and feel more at ease knowing the steps involved. Prequalification or Loan Commitment— We can determine how much home you can afford before you begin your search through prequalification, which requires your stated income and your credit report. Or preferably, you could do a pre-approval for a Loan Commitment, which is a much...

If you are considering building a home, financing your dream could seem confusing. With this type of loan, your construction financing simply converts to a permanent mortgage when your home is complete. You save time and money because you do not have to secure and close on two loans. Here’s what you need to know to get started. Determine If Your Property Is Eligible– One of the qualifications of a construction-to-permanent loan is that your new home...

As a first-time home buyer, it’s helpful to know what to expect as you begin to navigate the process of buying a home. Here is an overview that will keep you one step ahead. Review Your Budget– Examine your budget so you are prepared when you talk  about a home loan. Look at the full picture — know how much you bring in and spend on a monthly basis. Consult with a Mortgage Professional– Using some basic information about you, such as your...

HomePath refers to a special program offered by Fannie Mae which allows a borrower to purchase a Fannie Mae-owned property low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed on special occasions. Your down payment could be as low 3%; and there is also flexibility as to where the down payment comes from; as it can be from the buyer’s savings account, a...

“I am the lead member of a top producing mortgage team with over 60 years of experience. My team specializes in providing you with the lowest cost mortgage at the most competitive rates available. We have been known for providing the best terms for Jumbo loans, Construction financing, FHA,VA, first time home buyers and Homepath loans. In need of financing, let my team exceed your expectations and become your lender for life!”   I have worked in the...